The proposed £250 million acquisition of a major player in the clean-up of the Sellafield site in West Cumbria could be blocked. The Competition and Markets Authority (CMA) has launched an investigation into global engineering firm Jacobs’ acquisition of Wood Nuclear Limited – the nuclear arm of the Wood Group. The proposal deal – announced in August last year – would see Wood Nuclear Limited along with “subsidiary and certain affiliated companies” come under control of Jacobs’ UK division. Jacobs would also take on existing contracts held by the business – which include managing the Design and Engineering lot for the Programme and Project Partners (PPP) framework. The 20-year contract awarded last year by Sellafield Limited as part of its push to “revolutionise” the decommissioning of the site, could be worth up to £769 million. Wood’s nuclear division is already a long-standing big tier company at Sellafield and, in December was awarded a £50m contract to provide programmable digital control technologies to the plant. The group employs 1,300 people in the North West, including staff at bases in Sellafield and Whitehaven.
Times and Star 9th Jan 2020 read more »